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The US economy unexpectedly shed 23,000 jobs in July, a sharp reversal from consensus expectations of an 80,000 gain and a marked slowdown from the average monthly gain of 34,000 over the prior 12 months, according to the Bureau of Labor Statistics. Employment declined …
Federal Reserve Chairman Kevin Warsh wants the bond market to take on more responsibility for setting the price of money in America. In the seven weeks since his debut policy meeting, investors have had to adjust to less direct guidance from the Fed than …
Silver climbed above $64 an ounce Friday, gaining more than 4.5% and reaching a seven-week high as investors awaited the closely watched US jobs report for fresh clues on labor market conditions and the outlook for Federal Reserve monetary policy. Markets remain divided over …
Turkey, Saudi Arabia, and Pakistan are set to sign a joint defense agreement, according to regional sources with direct knowledge of the matter, as Gulf states face escalating pressure following the US and Israeli attacks on Iran. While the pact further cements a growing …
Gold gained more than 1% on Friday and was on track for its biggest weekly rise since January, as expectations for a Federal Reserve rate hike receded and inflation worries tied to the US-Iran conflict eased. Spot gold was up 1.6% at $4,308.92 per …
Iran's chief negotiator accused President Trump of staging "theater diplomacy" on Thursday, as Washington and Tehran continued to offer sharply conflicting accounts of their bilateral engagement aimed at ending months-long hostilities. Mohammad Bagher Ghalibaf, Iran's parliament speaker and top negotiator, wrote on social media …
US job growth likely picked up in July, offering reassurance that the labor market remained resilient and allowing the Fed to maintain its focus on inflation. Friday's report is expected to show unemployment unchanged at 4.2%, even as labor force participation rebounds after falling …
Oil prices rose Friday amid worries over supply disruptions after Iran published a restrictive draft plan governing traffic through the Strait of Hormuz. Brent crude futures for October delivery gained 1.25% to $83.52 a barrel, while US West Texas Intermediate futures for September advanced …
American Airlines (NASDAQ:AAL) will stop putting elite frequent flyers on the waitlist for a complimentary upgrade directly from coach to business class on select transcontinental and Hawaii routes, effective August 25. Instead, those travelers will be placed on the list for a complimentary upgrade …
The Centers for Disease Control and Prevention and the Food and Drug Administration are investigating a multistate Salmonella outbreak linked to jalapeno peppers that has sickened 345 people across 27 states. Health officials reported 36 hospitalizations and no deaths as of August 5, with …
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